Business Process Services

General Ledger Services

General Ledger (GL) Services have grown in complexity with increasing globalization and the need to adhere to country specific regulations. Companies also need to ensure accurate and timely book closures that necessitate improvement in operational efficiency. This can be achieved by simplifying business processes that also help control operating costs.

TCS’ General Ledger Services provide end to end support for your accounting activities. We simplify your business processes to improve operational efficiencies, and compliance to country specific regulations. Our deep domain expertise and best in class technology helps you achieve flexibility and agility in responding to market changes, mitigate external and internal risks, and standardize disparate accounting processes. We leverage process automation to improve turnaround time (TAT) and accuracy of book closes, enhance controllership in the process, and optimize operational costs.

The TCS Advantage

ValueBPS: Our ValueBPS approach helps enterprises achieve significant and sustained business outcomes by leveraging our deep domain expertise and operations redesign methodologies such as FORE™. Our approach also encompasses robotic process automation (RPA), analytics and insights, our unique IT-BPS synergy, Business Process as a Service (BPaaS) models, and business process management (BPM).

Industry Domain Expertise: Our professionally qualified Finance and Accounting specialists, with deep domain expertise of General Ledger Services across industries, ensure that financial statements are strictly in compliance with compliance requirements such as GAAP / IFRS. We help you implement robust internal controls / SOX compliance mechanism, in line with the regulatory framework, to enhance reporting.

BPaaS/Platforms: TCS has invested in a controllership approach for enhanced governance. This approach involves embedding SOX / SSAE / regulatory controls and process documentation in FMEA to create business value through theme based audits.

Solutions We Offer

We provide the following General Ledger Services:

  • Preparation and Posting of Journals
  • Bank and Sub-ledger/General Ledger Reconciliation
  • Book Closure and Consolidation
  • Taxation and Compliance

Benefits

Key benefits we deliver include:

  • Reduction in balance sheet reconciliation open value by 99%
  • Over 90% reduction in operational risk
  • Increase in auto-match hit rates resulted in 10 per cent reduction in cost of Reconciliation
  • Up to 75% reduction in reporting turnaround time (TAT)

Reach Us.

Share